International Container Terminal Services Inc (PSE:ICT) gained 3.65 percent in today’s trading at the Philippine Stock Exchange to end the day at P66.65 a piece after it declared cash dividends.
ICT, which operates, manages, develops, and acquires container terminals, tops the 22 blue chips that gained in today’s trading against the five stocks that declined.
Three blue chips – DMCI Holdings Inc (PSE:DMC), Jollibee Foods Corporation (PSE:JFC), and Semirara Mining and Power Corporation (PSE:SCC) – were flat in today’s trading.
ICT’s gain can be attributed to the company’s announcement of a Php0.91 cash dividend per share for stockholders of record date May 5, 2016.
In a disclosure to the Philippine Stock Exchange, ICT said the decision was arrived at in the board meeting held April 21, 2016, declaring the cash dividend which will be paid out on May 18, 2016.
The Board of Directors likewise approved the release of appropriated retained earnings in the amount of USD90 million back to the company’s unappropriated retained earnings.
ICT gained P2.35 a share in today’s trading. It has a 52-week high of P114 a share and low of P55.
Here are the top 10 blue chip gainers in today’s trading:
International Container Terminal Services Inc
(PSE:ICT) P66.65 (3.65%)
Ayala Land Inc
(PSE:ALI) P35 (2.94%)
Bloomberry Resorts Corporation
(PSE:BLOOM) P4.64 (2.88%)
JG Summit Holdings Inc
(PSE:JGS) P83 (1.97%)
Alliance Global Group Inc
(PSE:AGI) P16.68 (1.83%)
(PSE:AC) P786 (1.62%)
(PSE:MEG) P4.09 (1.49%)
Metropolitan Bank and Trust Company
(PSE:MBT) P83 (1.41%)
Bank of the Philippine Islands
(PSE:BPI) P89.9 (1.24%)
Globe Telecom Inc
(PSE:GLO) P2166 (1.21%)
Robinson Land Corporation (PSE:RLC)’s stock declined by 2.03% to P28.95 a share, leading today’s blue chips declines. – BusinessNewsAsia.com